Oil Quotations | Page 7
Oil Quotes from:
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Backbone Quotes
Low-cost, high-grade coal, oil and natural gas - the backbone of the Industrial Revolution - will be a distant memory by 2050. Much higher-cost remnants will still be available, but they will not be able to drive our growth, our population and, most critically, our food supply as before.
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Affect Quotes
Many construction materials are likely to be pricier and scarcer because the storms knocked out so much supply, even if demand does not pick up. The loss of substantial oil and natural gas production will affect supplies and prices for diesel fuel, asphalt, roofing materials, insulation, PVC pipe, coatings and assorted construction plastics.
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Economy And Economics Quotes
So far, the surge in oil prices has yet to do any significant damage to the broader economy. We may see some softening in the consumer spending numbers soon, but unless that translates into a weaker job market, the economy should be able to weather these higher energy prices.
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Average Quotes
Oman's oil production has been declining over the last few years. Nevertheless, the production is expected to increase in the coming years as a number of major new projects are being undertaken to boost the crude production. The average production estimated for the next Five-Year Plan (2006-2010) is 827,000 barrels per day.
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Catalyst Quotes
Short of a significant decline in oil prices, we do not foresee a likely catalyst that would spur the market significantly higher at this time. The equity market will likely remain in a transition phase, which could see the strong equity market uptrend of 2003 evolve into a slight downtrend in early 2005.
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Companies Quotes
Most oil companies will exceed estimates. If they don't, then there is probably a big problem underlying that. Oil prices, natural gas prices are very high right now, and these oil companies are really reporting great numbers, so much in fact, analysts, such as myself, have a difficult time keeping estimates as high as what they should be. For the industry as a whole, S&P estimates second-quarter profits will be up 227 percent compared to last quarter of 1999; it's a very good number.
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Address Quotes
Mr. President, in your State of the Union address you said keeping America competitive requires affordable energy. As the big oil companies are posting record profits, many families in New Jersey are finding it difficult to balance the costs of filling their tanks with other critical needs of their families. We urge you to address the growing crisis before the summer travel season begins.
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Best Quotes
Nelson brought us to Texas. And now we're going to use cotton seed oil or used cooking oil to produce two million gallons of fuel for this community. Every community will experiment with what works best in their community. Cotton can't be grown in all areas, but the local farmers know what grows best and they can rotate their crops to reduce the need for pesticides.
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Chill Quotes
One of the three things worrying the markets for weeks -- namely, interest rates -- has diminished, today, ... But the geopolitical incidents and higher oil prices -- which are connected -- have sent a chill through global markets, creating this buyer's strike, and we're following suit.
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Add Quotes
One of the slides we presented shows the boundaries of the Arctic National Wildlife Refuge. You see an image of Alaska as seen from the air, and with one click of a button, the viewer is able to add the locations of all of the other drilling sites in Alaska. It really drives home that most of Alaska is already open to oil and gas development and there's this one place that we've managed to protect thus far.
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Behind Quotes
More importantly it depends on the drivers behind any possible interest rate hikes. Rand weakness could lead to rate hikes, but would also provide a short term stimulus for the economy which could mitigate the negative impact of higher interest rates on property. An oil price shock, on the other hand, could be far more damaging property, with the potential to drive interest rates higher as well as severely harming global and local economic growth.
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Alignment Quotes
More important than this temporary alignment is the fact that the indicators are going in the same direction and have been doing so for several months. The Katrina period seems to have been the low point and we interpret the trend as the slow accommodation to the reality of higher oil prices. We also like seeing user expectations in line with vendor revenue forecasts.
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Both Quotes
Maybe it's because we have two oil men in the White House who don't seem to have the sensitivity of understanding the nature of these energy impacts upon the American people, both in gas prices and as we look forward to the upcoming winter season in terms of home heating fuel costs as well,
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Alone Quotes
Nuclear power alone is not the solution to our energy woes, but can become a stronger component of an overall national energy policy, just as we must promote greater domestic oil and gas production, and yes, embrace greater conservation and renewable fuels. But we should be realistic in understanding that conservation and renewable fuels, which now only provide about 2 percent of our energy needs, will never get us to energy independence.
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Adequate Quotes
No energy crisis exists now that equates in any way with those we faced in 1973 and 1979, ... World supplies are adequate and reasonably stable, price fluctuations are cyclical, reserves are plentiful, and automobiles aren't waiting in line at service stations. Exaggerated claims seem designed to promote some long-frustrated ambitions of the oil industry at the expense of environmental quality.